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    1248 Ms-42 Sumrall, MS 39482

    Sponsored
    For Sale
    $167,000

    High-growth area, 1.3 acres, Hwy 42 frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.3-acre commercial land parcel, totaling 56,628 square feet, presents a remarkable investment opportunity in the thriving town of Sumrall, Mississippi. Boasting 245 feet of highly visible frontage along Highway 42, this property offers unparalleled exposure for a wide range of commercial ventures. Its strategic location places it directly across from Sumrall Middle and High Schools, ensuring a consistent flow of potential customers. The property's proximity to downtown Sumrall and its convenient access to Highway 49 (7.7 miles west) further enhance its appeal. Lamar County, where this property is situated, experienced impressive 15.6% growth since the 2010 Census, making it the second fastest-growing county in Mississippi. The area also benefits from the consistently high ranking of the Lamar County School District within the state's top 10 public school districts. This property is ready for development, with existing utilities including city water and sewer from the City of Sumrall, a septic tank, CenterPoint Gas, and Mississippi Power. The versatility of this site allows for numerous possibilities, including convenience stores, restaurants, office spaces, and retail establishments. Don't miss this chance to capitalize on the growth and potential of this prime commercial location. The asking price is $167,000.

    Property Features for 1248 Ms-42

    General Information

    Property type
    Land

    HighLights

    • 1.30‑acre commercial lot with 245 feet of Hwy. 42 frontage.
    • Suitable for various commercial uses, including convenience stores, restaurants, offices, and retail.
    • Located in Lamar County, one of Mississippi's fastest‑growing counties.
    • Situated near a top‑10 ranked school district (Lamar County).
    • Across from Sumrall Middle and High Schools.
    • Conveniently located on the edge of Downtown Sumrall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sumrall
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.5394622
    Latitude
    31.4196886

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    FAQs

    What type of property is this?
    Land - High-growth area, 1.3 acres, Hwy 42 frontage
    Where is this land located?
    The property is located at 1248 Ms-42 Sumrall, MS.
    What is the asking price?
    The asking price for this property is $167,000.
    What are key features of this property?
    This property features: 1.30-acre commercial lot with 245 feet of Hwy. 42 frontage.; Suitable for various commercial uses, including convenience stores, restaurants, offices, and retail.; Located in Lamar County, one of Mississippi's fastest-growing counties.
    Request Owner's contact information
    1248 Ms-42 Sumrall, MS 39482
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    Sumrall, MS 39482
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1248 Ms-42 Sumrall, MS 39482
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